Washington State Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

The term that refers to express information or facts known as actual knowledge is indeed actual notice. Actual notice occurs when a person has direct knowledge of a fact, such as when a buyer is informed of a property's defects or a seller is made aware of zoning issues. This type of notice is important in real estate transactions because it signifies that a party is fully aware of the circumstances surrounding the property in question.

In terms of real estate dealings, having actual notice can impact a party's rights and obligations. For example, if a buyer receives actual notice of an easement on the property they are considering purchasing, they cannot later claim ignorance of that easement to dispute its existence.

The other terms mentioned do not convey the same concept. Adverse possession involves a method of acquiring title to land under certain conditions, an affidavit is a sworn statement typically used in legal proceedings, and an agent refers to a person authorized to act on behalf of another, particularly in transactions. None of these terms encompass the direct knowledge aspect encapsulated by actual notice.